Abstract:
Plug Power Inc. (Nasdaq: PLUG), announced today a $3.9 million program award from the National Institute of Standards and Technology (NIST). The award is part of NIST's Advanced Technology Program (ATP) and is for research and development of stationary fuel cells. Plug Power expects to receive approximately $1.8 million in net funding from NIST during the two year, cost-share program. Specific projects will include: incorporation of carbon nanotube materials designed to improve stack performance.